Breaking News: BlackRock and Ethena's Stablecoin Prepare to Land on $SUI – Targeting $1 Billion in Liquidity
Sui Group, a digital asset management company listed on Nasdaq, has just announced an ambitious strategic move: the simultaneous launch of two groundbreaking stablecoins, suiUSDe and USDi, on the Sui blockchain by the end of 2025. This move aims to maximize liquidity, expand the applications of decentralized finance (DeFi), and reduce dependence on traditional stablecoins like USDC or USDT.
USDi: Stable Liquidity from the BlackRock Fund
USDi is positioned as one of the safest and most stable stablecoins in the ecosystem.
Collateral 1:1: USDi is fully backed at a 1:1 ratio by the tokenized monetary fund of BlackRock (BUIDL).
Absolute safety: The direct link to this traditional investment fund ensures that USDi maintains its value and provides an almost absolute level of safety, ideal for institutional investors and dApps requiring high stability.
suiUSDe: Synthetic Stablecoin, High Yield Potential
suiUSDe is a completely unique product, developed based on the synthetic stablecoin model of Ethena Labs. This is a stablecoin designed to provide returns for holders:
Generate yield: Users holding suiUSDe can earn returns from Ethena's reserves, which are generated from delta-neutral strategies.
Promote the ecosystem: A portion of the profits generated from these reserves will be reinvested to buy SUI tokens, creating a direct mechanism to pump capital and stimulate the development of the Sui ecosystem, while increasing demand for the underlying token.
Strategic Vision
The introduction of these two stablecoins with diverse collateral mechanisms into the ecosystem by Sui Group shows a clear strategy:
Attract institutional capital: USDi, backed by BlackRock, will be a solid bridge to attract institutional and traditional (TradFi) capital into Sui.
Activate DeFi: suiUSDe will provide a profitable stablecoin, strongly stimulating new DeFi activities, from lending to yield farming, while reinforcing the natural liquidity of Sui.
The emergence of this duo of stablecoins is expected to be a significant boost, helping Sui establish itself as one of the leading Layer 1 blockchains in terms of liquidity and financial innovation.
